Foster Wheeler wins FEED work from S-OIL to upgrade Korea refinery

The upgrade of the S-OIL refinery includes the addition of a residue hydrodesulfurization unit, a residue fluid catalytic cracker and multiple downstream upgrading units to enable the refinery to produce more higher-value products and, in particular, maximize production of polymer-grade propylene.

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Foster Wheeler was awarded contracts by South Korea's S-OIL
Corp. for the front-end engineering design (FEED) for a
residue upgrading project at the Onsan refinery in
Ulsan, South Korea, officials said on Wednesday.

The Foster Wheeler contract values were not disclosed and
will be included in the companys first-quarter 2014
bookings.

The upgrade of the refinery includes the addition of
a residue hydrodesulfurization unit, a residue fluid
catalytic cracker and multiple downstream upgrading units to
enable the refinery to produce more
higher-value products and, in particular, maximize production
of polymer-grade propylene.

In addition to executing the FEED, Foster Wheeler will also
prepare the tender for the engineering, procurement and construction (EPC) phase, procure
long-lead items, evaluate the EPC bids, and prepare a cost
estimate to support S-OILs final investment decision.

This award illustrates our strategy to deploy our
global network of operations, with our execution centers
working together to support our clients through the entire
lifecycle of their planned investments, said Roberto
Penno, CEO of Foster Wheeler's global engineering and construction business.

Foster Wheelers business solutions group in
Reading, UK, performed the pre-FEED, and our execution
centers in the UK and Thailand will now work together on the
FEED to support S-OIL in the development of this major
upgrade project at S-OILs
world-scale refinery.

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